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You Have Been Hired by University Bike Shop as the Controller.The

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You have been hired by University Bike Shop as the controller.The CEO has been using a traditional GAAP income statement for internal decision making.However, the CEO has just completed an MBA program where she covered the contribution format income statement.She has asked you to explain the contribution format income statement to the other managers of the company with emphasis on the differences between the two income statements and how the contribution format income statement can help all the managers.


Definitions:

Expanded Letter Format

A detailed formal letter structure that includes conventional parts in extended form for clarity and thoroughness.

Environmental Practices

Methods or actions taken to preserve, protect, and sustain the environment.

Follow-Up Section

Part of a document or communication that provides additional information, answers, or actions after the initial message or meeting.

Proposal Formats

The structure and organization of a proposal document, which may vary according to industry standards, purpose, or specific requirements of the recipient.

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